Quote:
Originally Posted by 85vette
That has to be what they're doing now with all this "bailout money". Maybe Charlie Crist needs to order a few billion dollars for Florida! It would make it MUCH easier to balence the budget..... ![EEK!](images/smilies/eek.gif)
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Yeah, but the drawback to printing up money is that any money you have SAVED becomes worth less. Printing up money really only helps the people who print it up. Once it gets into circulation, then the value drops like a rock. That's why US currency was originally based on a gold standard. The paper money was a representation of something of TRUE value. Now, it's just paper that we all agree on what it is worth. Today I would sell you a gun for 1000 of those dollars. Next month, I may want 2,000 of them because it would take that many of them to buy what I want to buy with them.
When I was a kid in the late 50s, I could take my $1.00 weekly allowance and run to the local grocery store and buy a half gallon of ice cream and a six pack carton of Pepsi and have change left over. Yes, I DID that once...
![Smile](images/smilies/smile.gif)
How much is that $1 bill worth now in those commodities?
Have I ever showed you that postage stamp I have in my collection from Germany dating 1922 or so that cost the German people 200 MILLION marks to buy? That was for a common POSTAGE STAMP! What do you think a single Mark was worth?